Green Jobs: Fast-tracking Economic Suicide

Creating ex nihilo -- literally, out of nothing -- used to be a theological concept, God's prerogative. Today it seems, President Barack Obama and certain Western politicians claim to possess the ability to do it. Against all the laws of economics and the marketplace, they believe they can create millions of ‘green' real jobs, out of thin air, or at least air without carbon dioxide, via cap and trade.  If Obama & Co. were to remove their green-tinted glasses for just a moment and take a long hard look at the European experience they profess to cite as ‘proven', they would discover those glasses have been rose-tinted all along.The basic assumption is that technology per se generates jobs. Mostly, it does not. Rather, technology enables jobs -- real and sustainable jobs -- based on how useful the technology is to the marketplace.  To generate real industrial jobs, however, one needs a basic commodity to trade, and in the energy business this has meant oil, gas...(Read Full Article)

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